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Home loan in Jaipur

Home loan in Jaipur

The Pink City of Jaipur in the Regal State of Rajasthan is one of the grandest cities in India. Despite being known for its royal heritage, Jaipur is one of India’s finest metro cities. It has become a hot-spot with several real estate companies building state-of-the-art residential and commercial projects. Buying a home in Jaipur can prove to be a worthy real estate investment in the long term since Jaipur is emerging as one of India’s fastest developing cities. You can simply walk into a Bank of Baroda branch and apply for a Home loan in Jaipur.

Answering all FAQs about taking a Bank of Baroda home loan

Q1: What do I need to apply for a home loan?

Visit any of nearby Bank of Baroda branch, fill up the Home loan application form, submit all the listed documents or you can apply online also by clicking the link provided for Home Loan on our Bank’s website www.bankofbaroda.com

Q2: What is the interest rate charged by Bank of Baroda?

Home loans in Jaipur are offered at very low interest rates. If you can show good credit scores and good credit repayment behaviour, you can get a home loan for as low as BRLLR of the Bank linked with Repo Rate  based on the Bureau score. .

Q3: What is the minimum and maximum loan amount offered by the bank and what is the loan to Value ratio?

Bank of Baroda provides loans amount based on the property value considering regulatory guidelines for the Loan to value Ratio (LTV).The Bank offers need based principal loan amount.

Q4: What is the loan processing fee charged by the bank?

The bank levies 0.25% to 0.50% +GST loan processing fee on home loan amount, minimum ₹8500 and maximum ₹20,000 plus GST

Q5: What is the minimum and maximum tenure of the loan?

Bank of Baroda is one of the few banks that offer highly flexible loan tenures. While the minimum tenure for a home loan in Jaipur is 5 years, the maximum tenure is  30 years.

Q6: Who is eligible for the home loan?

From Indian residents who are salaried employees, self-employed individuals or businessmen, as well Non Resident Indians; almost all kinds of borrowers between the ages of 21 and -70 years of age(at the end of the loan tenure) are eligible for home loans.

Q7: Is it possible to apply for a joint home loan?

Yes, you can apply for a joint home loan. The co-applicant can be your spouse, your parents or any other earning member of your family.

Q8: How much EMI do I have to pay?

Your home loan EMI depends upon the principal loan amount, interest rate and tenure. If you are eligible for the lowest interest rate and highest Tenure upto30 years, you end up paying  a considerably low EMI.

Q9: Are there any special benefits?

Yes, on your Bank of Baroda home loan in Jaipur, you become eligible for a 0.25% concession in ROI if you take out a car loan. You also get a free credit card and free accidental insurance with your home loan.

Q10: What is the penalty for pre-closing the home loan?

Bank of Baroda does not levy any penalty for pre-closing the loan before the end of the stipulated loan tenure.

Q11: Can I get any additional loans on my home loan?

Yes, you can take a top-up home loan such as a home loan for renovation on your existing home loan.

Reasons to buy a property in Jaipur

  • Jaipur is a modern city with its elegant regal roots in tact
  • The standard of living in Jaipur is high with great civic amenities like public transportation, good schools and colleges, health-care centres, restaurants, malls and other modern amenities.
  • Despite the high standard of living, the property rates in the royal city are affordable.
  • Despite being a metro city, Jaipur is considerably small and well-planned while the flats and apartments here are bigger in size than most other cities.

So what are you waiting for? Rush to bank of Baroda to get your specially customised home loan in Jaipur.

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